Hyperliquid Strategies Continues Large-Scale Purchases of HYPE Token

A wallet associated with Hyperliquid Strategies has added 494,200 Hyperliquid (HYPE) tokens to its holdings, valued at approximately $45.8 million. This purchase continues a month‑long buying streak that has significantly contributed to the firm’s recent financial results.

Scale of Accumulation

According to Lookonchain data, the wallet has purchased a total of 5.51 million HYPE tokens over the past month, representing roughly $476 million in value. The average daily acquisition during this period was about 183,574 tokens, or $15.86 million.

Current Treasury Position

Hyperliquid Strategies now holds around 35.1 million HYPE tokens, valued at roughly $3.2 billion. This marks an increase from about 29.3 million tokens at the close of its fiscal year on June 30.

Financial Impact

The firm reported net income of $305.5 million for the fiscal year, largely driven by price appreciation of HYPE. Unrealized gains on its HYPE holdings reached $709.9 million.

Performance Relative to Major Cryptocurrencies

In 2026, HYPE has risen about 280 % year‑to‑date, while Bitcoin (BTC) fell 5.42 % and Ethereum (ETH) declined 10.98 % over the same period.

Market Valuation

DWF Ventures’ analysis places Hyperliquid Strategies among a small group of treasury firms trading above their net asset value, with a market‑value‑to‑net‑asset‑value ratio of 1.17 ×. Since July, the firm’s stock has outperformed HYPE by 31 %, though longer‑term analysis still favors the token.